IBTL vs. IBDV
IBTL (iShares iBonds Dec 2031 Term Treasury ETF) and IBDV (iShares iBonds Dec 2030 Term Corporate ETF) are both exchange-traded funds - IBTL is a Government Bonds fund tracking the ICE 2031 Maturity US Treasury Index, while IBDV is a Corporate Bonds fund tracking the Bloomberg December 2030 Maturity Corporate Index. Both are passively managed. Over the past 3 years, IBTL returned 3.19%/yr vs 5.90%/yr for IBDV. Their correlation of 0.84 suggests significant overlap in exposure. IBTL charges 0.07%/yr vs 0.10%/yr for IBDV.
Performance
IBTL vs. IBDV - Performance Comparison
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Returns By Period
In the year-to-date period, IBTL achieves a -0.37% return, which is significantly lower than IBDV's 0.41% return.
IBTL
- 1D
- -0.15%
- 1M
- 0.59%
- YTD
- -0.37%
- 6M
- -0.06%
- 1Y
- 3.51%
- 3Y*
- 3.19%
- 5Y*
- —
- 10Y*
- —
IBDV
- 1D
- -0.07%
- 1M
- 0.56%
- YTD
- 0.41%
- 6M
- 0.90%
- 1Y
- 4.79%
- 3Y*
- 5.90%
- 5Y*
- 0.77%
- 10Y*
- —
IBTL vs. IBDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBTL iShares iBonds Dec 2031 Term Treasury ETF | -0.37% | 7.85% | 0.36% | 3.60% | -15.60% | -1.22% |
IBDV iShares iBonds Dec 2030 Term Corporate ETF | 0.41% | 8.19% | 3.42% | 8.51% | -14.67% | -1.27% |
Correlation
The correlation between IBTL and IBDV is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.84 |
The correlation between IBTL and IBDV has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
IBTL vs. IBDV — Risk / Return Rank
IBTL
IBDV
IBTL vs. IBDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and iShares iBonds Dec 2030 Term Corporate ETF (IBDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBTL | IBDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.21 | -1.04 |
| Martin ratioReturn relative to average drawdown | 3.19 | 7.41 | -4.22 |
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Drawdowns
IBTL vs. IBDV - Drawdown Comparison
The maximum IBTL drawdown since its inception was -20.93%, roughly equal to the maximum IBDV drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for IBTL and IBDV.
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Drawdown Indicators
| IBTL | IBDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.93% | -21.85% | +0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.07% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -7.38% | -5.64% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.54% | — |
Current DrawdownCurrent decline from peak | -7.16% | -0.81% | -6.35% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -7.19% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.62% | +0.41% |
Volatility
IBTL vs. IBDV - Volatility Comparison
iShares iBonds Dec 2031 Term Treasury ETF (IBTL) has a higher volatility of 1.11% compared to iShares iBonds Dec 2030 Term Corporate ETF (IBDV) at 0.93%. This indicates that IBTL's price experiences larger fluctuations and is considered to be riskier than IBDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTL | IBDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.93% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 2.04% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 2.87% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 6.44% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 6.25% | +1.19% |
IBTL vs. IBDV - Expense Ratio Comparison
IBTL has a 0.07% expense ratio, which is lower than IBDV's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBTL vs. IBDV - Dividend Comparison
IBTL's dividend yield for the trailing twelve months is around 3.97%, less than IBDV's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBDV iShares iBonds Dec 2030 Term Corporate ETF | 4.59% | 4.57% | 4.69% | 4.09% | 3.02% | 1.99% | 0.90% |
IBTL iShares iBonds Dec 2031 Term Treasury ETF | 3.97% | 3.93% | 4.07% | 3.04% | 2.36% | 0.70% | 0.00% |
Frequently Asked Questions
IBTL and IBDV have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBTL has higher volatility (1.11%) compared to IBDV (0.93%). In terms of maximum drawdown, IBTL dropped -20.93% vs IBDV's -21.85%.
On 3-year performance, IBDV leads with 5.90% vs 3.19% for IBTL. On fees, IBTL is cheaper at 0.07% per year. On volatility, IBDV has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBDV has performed better with a 5.90% return vs 3.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTL is cheaper with a 0.07% expense ratio, compared with 0.10% for IBDV.
IBDV has the higher dividend yield at 4.59%, compared with 3.97% for IBTL.
IBTL is categorized as Government Bonds, while IBDV is Corporate Bonds. IBTL tracks ICE 2031 Maturity US Treasury Index, while IBDV tracks Bloomberg December 2030 Maturity Corporate Index. Their fees differ too: 0.07% for IBTL and 0.10% for IBDV.
IBDV currently has the higher Sharpe Ratio (1.59 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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